Created Date:
24 August 2021
A guide to restructuring and insolvency in Jersey: overview (PLC Chapter)
Lawyers from our restructuring and insolvency practice have drafted these Q&As, which give a structured overview of key practical issues concerning restructuring and insolvency in Jersey.
Forms of security
- Immovable property
- Movable property
Creditor and contributory ranking
- Order of priority
- Secured creditors
- Foreign security
Unpaid debts and recovery
- Compromise agreements
- Basic debt recovery
- Set-off obligations
- Foreign element
State support
Rescue and insolvency procedures
- Desastre
- Creditors' winding-up
- Just and equitable winding-up
- Degrevement/realisation
- Debt remission order
Stakeholders' roles
- Stakeholders
- Influence on outcome of procedure
Liability
- Director
- Partner
- Parent entity (domestic or foreign)
- Other party
Setting aside transactions
Carrying on business during insolvency
Additional finance
Multinational cases where there are no applicable EU or international frameworks
- Recognition
- Money judgments
- Concurrent proceedings
- International treaties
- Procedures for foreign creditors
